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Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

Atlas Salt Inc. is a Canada-based mineral exploration company. The Company is engaged in the evaluation, exploration, development and production of industrial mineral properties in Newfoundland and Labrador. The Company’s principal asset is the Great Atlantic salt deposit project (Great Atlantic Salt Project), located in the St. George Basin of western Newfoundland. Its Gypsum Project is three kilometers (km) southwest of Great Atlantic salt deposit, which is an early-stage and open-pit production from the Ace deposit. Its Nepheline Syenite Property consists of a surface occurrence of nepheline syenite along the southern Labrador highway. The project is located approximately six km from tide water.


TSXV:SALT - Post by User

Comment by general360on Sep 02, 2022 2:44pm
131 Views
Post# 34938905

RE:RE:RE:RE:RE:RE:Value of the Triple Point

RE:RE:RE:RE:RE:RE:Value of the Triple Point what do you think the capex would be to develop the domes into storage?  how much would we need to raise to do this on our own, or w/ a partnership? would 100M be enough to develop at least the one dome, into multiple storage domes? or 1 storage dome? i wonder how many cylinders they'd carve out of this puppy?

a lower value of shares would require such a massive dilution to raise say, $100m wouldn't it?

23.75M share of atlas @ .80 would be 19M mcap.  to raise 100M we'd need what, 125M shares@.8 w/ warrants attached?

23.75M x2$ would be 47.5M mcap, so we'd need 50M shares @2$, still giving up control?

or maybe we dont need quite 100M to develop this?  storage aspect only?  don't they process the brine from the dome extract into the super pure medial quality salt? so a cost to implement, but get sales from the brine?  would that be processed at sister company's mine? or someplace else?

or it could be an academic exercise and we just get bought out for 1B/23.75M = $42.10/share or thereabouts?
2B/23.75M shares = 84.21/share. 
pretty massive numbers, especially given that we're only in the 3's and havent even been split out yet.  added together with GA, what is/was this worth while bundled as one company? we're all betting much more than 3$/share now!

i guess the feasibility study is only for the GA mine? not including the FB domes?
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